 |
|
FHA CLOSING COSTS
The FHA defines allowable closing costs that may be charged to the borrower. These costs are determined as
reasonable and customary by each local FHA office.
All other costs in the transaction are considered non-allowable and generally paid by the seller when purchasing a new home or by the lender when refinancing your current FHA mortgage.
- The appraisal fee and any inspection fees
- Actual cost of credit reports
- Lender's origination fee
- Deposit verification fees
- Home inspection service fees up to $200
- Cost of title examination and title insurance
- Document preparation (by a third party not controlled by the lender)
- Property survey
- Attorney's fees
- Recording fees, transfer stamps and taxes
- Test and certification fees, water tests, etc.
Allowable in a refinance: courier fees, wire transfer fees, fees to payoff bills,
reconveyance fees.
|
|
|
Refinance your
FHA HOME LOAN
FHALoan.com is a private mortgage company specializing in fha home loans and is not associated with the federal government or HUD / FHA.
-- -- -- -- -- -- -- --
FHA Foreclosed Homes
Find homes at 50% below market value. Search now for free!
|
